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new budget affects OTTAWA CP Finance Minister Jonn Crosbies first budget hits anyone who drives car drinks or smokes But it favors volunteer firefighters unwed fathers owners of familyowned stores and handicapped persons Alongside incentives to business and cuts in government spending are measures that will cut the spending power of the average Canadian Immediate increases in excise taxes on gasoline wine beer liquor and cigarettes combined with larger unem ployment insurance premiums will reduce many in dividuals disposable income within month Even having Christmas snapshots developed will cost more perhaps by as much as nine per cent The few breaks in the budget go to farmers selling their farms to retire men ordered by court to support com monlaw wife or illegitimate child small business owner who employs his spouse volunteer firefighters and those with enough money to play the stockmarket Crosbie admitted his budget might be unpopular now but in the long run good economics is good sense and good politics The motorist filling up at the service station today will find gasoline costs 18 cents more gallon or an average of $125a gallon Someone who drives 16000 kilometres 10000 miles year in car that gets 32 kilometres 20 miles to the gallon Will pay $90 more next year in excise taxes alone This figure does not include three increases in the price of crude oil scheduled for 1980 which will boost the average cost of gallon of gasoline to $139 Crosbie said the price increases are essential to make Canadians conserve energy Taking inflation into account Canadians now pay less for gasoline than they did 25 years ago he added To help offset these increases an energy tax credit of $80 per adult and $30 per child for lowand middleincome families will be phased in over two years beginning with only half of that amount in the 1980 taxation year Residents of Atlantic Canada will get special help to keep their electricitv rates down Persons who want to experiment With homeproduced gasoline and alcohol mixtures for their cars will be given special permission to do so as long as they dont sell any alcohol they distill Changes in the excise tax on potable alcohol go into effect immediately but wont work their way through to the con sumer until mivaanuary the finance department says Adjusted excise taxes based on the percentage of alcohol in beverage Will make liquor tible wines and regular and Opposition OTTAWA CP Consumers will pay 18 cents more starting today for gallon of gasoline and face further sharp in creases of about 15 cents gal lon by this time next year un der terms of new energy pric ing arrangement unveiled in the federal budget The increase from seven to 25 cents in the federal excise tax on gasoline sold at the pump anticipated for weeks is among OTTAWA CP The aver age Canadian will be paying only marginally less income tax next year as result of changes proposed in the federal budget Tuesday night The rates of personal income tax remain the same as last year but there are few new deductions An energy tax credit will pro vide up to $80 for qualifying adults and $30 for children un der age 18 in 1981 In 1980 the benefits are half that The credit will be refundable so that families who pay little or no federal tax will receive maximum benefits Full bene fits are given only to families with an income of less than $21380 Thus married couple jointly earning $20000 and hav ing two young children can claim maximum rebate of $220 in 1981 Leader wide range of substantial oil and gas price increases planned by Finance Minister John Crosbie The increases raising domes tic oil prices by whopping 820 barrel by 1984 are conditional on Ottawa and Alberta reaching agreement before July on method to tax the higher revenues The government is set to raise oil prices by $4 barrel Less income tax but marginally per cent tor income of more than $21380 Thus should the same family find their income increased to $26000 no tax credit will be granted Legislation currently before the Commons says homeowners will be eligible for maximum 5375 tax credit for costs associ ated with mortgage interest payments and property tax The higher the mortgage payments the higher the tax credit The maximum allowable credit rises annually to $1500 in 1982 ENCOURAGE INVESTMENT The government has also de cided to encourage Canadians to invest in registered retire ment savings plans popular way of deferring income tax Some of the red tape involved in the plans will be cut and in centives offered for stocks of Canadian companies held in trust to be channelled into the Pierre Trudeau leaves Parliament Hill in Ot tawa Tuesday night after the Progressive Conservative budget was presented in the Commons by Finance Minister John Crosbie CP Photo Shelter going OTTAWA CP tax shel ter plan begun in 1974 to en courage wider investment in apartment buildings is being phased out by the Progressive Conservative government Beginning Jan no new buildings will be certified under the multipleunit residential building MURB tax shelter plan However investors who already have such holdings will continue to qualify for tax ad vantages The credit is reduced by five retirement plans CORRECTION NOTICE paper please note the following On page the Poinsettia at $297 has or more blooms and the Poinsettia at $197 has or more blooms On page the Storage Jars are sold at $477 each not sold at $577 each not $577 package Our Reg $799 caused our customers In our Christmas WrapUp llyer inserted in this weeks sold in packages of at $477 the large iars are On page the womans Stylish Slipper sale priced at $750 Our Reg $999 should have read Sale $600 We are sorry for any inconvenience this may have 10 OFF Our Reg Price Electric Start All Toro Snowthrowers TORQ IO SNOWTHROWERS For your convenience well be open Sat Sun til pm Sale Ends Sun Dec 16 OBRIEN SPORTS MARINE Shanty Bay Road at 6th of Oro 4872211 Sales Service Days Week to the First Customers during this sale HWY 11 sum an no Itll be cheaper to walk next year and by $450 barrel year thereafter until Jan 1984 as part of its plan to move domestic prices closer to world levels Each Stabarrel increase adds about 35 cents gallon to the price of gasoline and home heating oil The current well head price is $1375 barrel about $10 below the average world price Crosbie emphasized the new Progressive Conservative gov ernments determination to at tain what he called realistic prices for petroleum products noting that Canadians consume more energy on percapita basis than any other industrial ized countrv BARRIE NOW TO PLEASE EVERYONE Gifl PUT YOUR FEET IN OUR SHOES WALKWEL 58 DUllOP ST 7282397 FRANK CROSSlEY Mgr More Prizes More ways to win Now Wintario has lot more going for it First youve got better chance of winning big prize with three $100000 Grand Prizes and twelve $25000 Grand Prizes every week Then too youve got better chance of winning one of the smaller prizes Because now there are thousands more prizes to be won every week $5000 prizes $1000 prizes $100 prizes $10 prizes and Winfall prizes In fact your chances of winning prize in the new Wintario are now in 18 And Wintario ticket is stilljust $100 Its great new game With nine dra instead of six every Thursday night or Get ticket and get in the gar Youll love it and yr your poc light beer more expensive But sparkling wines and malt beer should cost less The changes mean increases of 133 cents for 25ounce battle of table wine 11 cents for Bounce bottle of liquor 24 cents for case of 24 regular beer and 12 cents for case of 24 light beer Lowalcohol malt beer would drop in price by 12 cents for case of 24 GETS HIT TWICE The drinker who likes cigarette with his beer gets hit twice cigarette prices go up 25 cents for package of 20 For the first time ninepercent manufacturing tax will be imposed on photofinishing and will probably be passed along to the consumer person who makes $15000 or more year will find the weekly pay cheque $106 lighter after the first of the year be cause of increased unemployment insurance deductions for total of $5525 more year But anyone who has money to invest in the stock market Is your stove or microwave ready for Christmas the examiner Wednesday Dec 12 1979 etbook gets break with deferral of capital gains tax on up to $10000 worth of shares purchased each year through new common stock investment program Tax incentives will also be offered for investment in Cana dian stocks through registered retirement savmgs plans Farmers will be able to put $100000 of taxable capital gains from the sale of their farms into registered retirement savings plan SOME GET BREAK Promised personal income tax reductions did not materialize in the budget but some groups of people Wlll get break The owner of an unincorporated family busmess will be able to deduct from business expenses the salary paid to spouse change long sought by small businessmen Anyone ordered by court to support his commonlaw spouse or illegitimate child will for the first time be able to deduct these payments from his taxable income If not why not have it serviced now and eliminate the risk of having it spoil your Christmas cooking Give us call We service Kenmore stoves and microwave ovens Special $1795 plus parts This offer effective until Saturday December 22 1979 Phone 7264451 ext 246 SEARS SERVICE CENTRE ONTARIO LOTTERY CORPORATION more fun to play You Win $101 your ii For in More ways to play your ticket Now theres new Wintario ticket with figmber and no series number Its lot 553m Filo fir er with the Mauve won book furaw worth $500 one million tickets and each block is numbered from 000000 to 999999 and no series number For each weekly draw at least million tickets will be issued So there will be at least three winning ticket numbers issued in each block that match the 6digit $100000 First Grand Prize number drawn and at least three winning ticket numbers issued that match each of the four $25000 Grand Prize numbers drawn twelve $25000 prizes in all Thats at least 15 Grand Prizes in all